Thiago Higino walks over a flood in the garage at Hydra Avenue. He says he is yet to receive a response to his complaints from property managers at the Al Reem development and he is not the only resident frustrated by problems there. Ravindranath K / The National
Thiago Higino walks over a flood in the garage at Hydra Avenue. He says he is yet to receive a response to his complaints from property managers at the Al Reem development and he is not the only residShow more

Residents complain of constant problems at Reem Island development



ABU DHABI // Flooding of garages, electrical wires submerged in water and areas of unfinished construction are some of the problems tenants of an apartment complex say they have to live with.

“I don’t understand how they had permission to open these towers,” said Nat Martins, 38, a resident of Hydra Avenue on Reem Island who moved into a studio flat in December.

The schoolteacher said she agreed to move in after being told that the problems in the City of Lights development would be addressed within a month.

Ms Martins said the most pressing of the issues was the flooding of the basement car park.

“It has been like this for two or three months now and we still have no idea where it is coming from,” she said.

The danger of the water was heightened, she said, by maintenance workers leaving electrical extension cords submerged.

“Every building has issues but I’ve never seen anything like this,” Ms Martins said.

Leaks from pipes above parking bays resulted in water damage to vehicles, including those belonging to Ms Martin and a Brazilian neighbour, both of whom complained.

Thiago Higino, 31, said he contacted property management about damage to his cars’ bodywork in May but was told by security guards two weeks ago to take care of the matter himself.

“It would cost me Dh800 and I’m not a rich man,” said the sports trainer, who moved into the building – which was developed by Hydra Properties – in April.

After calling and emailing property manager Three60 with pictures of the damage, he said he has not heard back.

A former tenant who left after his lease expired said it was the only thing he could do.

“It was the worst year of our lives,” said the Brition, who moved into a two-bedroom unit with his family in September.

He was also told that all the problems would be addressed within a month but he soon realised that was not the case.

“It was shocking. I have children who would repeatedly slip from the water leaks, and you have electric cables sitting in water in the garage,” he said. “Even the lifts were prone to water leaks.”

The resident said he knew there would be problems from the beginning when the door to his flat fell off its hinges while he moved in.

Protests about problems such as an extractor hood above his cooker that fed smoke into a cupboard rather than outside went unheeded, he said.

“I would complain to property management, who would tell me to go to the real estate agent, who tell me to contact the developer, who would tell me to contact the property management. It was a vicious and exhausting circle,” he said.

Ms Martins said many others were moving out and that she looked forward to her lease ending in December when she would follow suit.

“I just do not want people to be fooled like I was,” she said.

The handover of the first phase of City of Lights, which included 906 flats in three towers, started in April last year.

Once fully complete, Hydra Avenue will consist of six towers in two main clusters, with 2,292 apartments and 39 townhouses.

Three60 said: “Services are conducted to the highest industry standards. We are working closely with the developer to receive the remaining amenities and common facilities within the property to ensure the best possible living experience for the residents”.

tsubaihi@thenational.ae

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.